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SAN FRANCISCO—Aidan Viggiano, Chief Financial Officer of Twilio Inc. (NYSE:TWLO), has reported the sale of 1,981 shares of the company's Class A Common Stock. The transactions, executed on November 15, were conducted at prices ranging from $96.3089 to $97.1401 per share, amounting to a total value of $190,788.
The sales were made to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units (RSUs), as mandated by Twilio's equity incentive plans. Following these transactions, Viggiano retains ownership of 169,206 shares of Twilio's Class A Common Stock.
In other recent news, Twilio Inc. has reported a 10% increase in revenue, reaching $1.134 billion in Q3 2024. The cloud communications firm's non-GAAP income from operations rose to a record $182 million, with a non-GAAP operating margin of 16.1%. Twilio's Communications segment was a significant contributor, generating $1.060 billion, propelled by growth in messaging and email services.
Monness, Crespi, Hardt upgraded Twilio shares from Neutral to Buy, setting a price target of $135.00. The firm believes Twilio is poised for recovery, noting the stock's value remains appealing despite a significant drop from its peak. The new price target reflects optimism for Twilio's future market performance.
Twilio has been integrating artificial intelligence and machine learning, including the use of OpenAI's API, to enhance customer personalization and operational efficiency. However, the company's Segment business reported a non-GAAP loss of $60 million in Q3. Twilio projects revenue growth of 7% to 8% for Q4 and fiscal 2025, and expects significant non-GAAP operating margin expansion in 2025. The company has also repurchased over $2.7 billion in shares as part of its $3 billion share repurchase program. These are among the recent developments for Twilio.
InvestingPro Insights
Twilio's recent stock performance and financial position offer additional context to CFO Aidan Viggiano's recent share sale. According to InvestingPro data, Twilio's stock has shown remarkable strength, with a 52.77% price total return over the past year and a 55.8% return in the last three months. This upward trajectory has pushed the stock to trade near its 52-week high, with the current price at 95.4% of that peak.
Despite the strong stock performance, Twilio faces some financial challenges. The company is not profitable over the last twelve months, with a negative operating income of $104.11 million. However, there are positive signs as well. An InvestingPro Tip highlights that Twilio holds more cash than debt on its balance sheet, indicating a solid financial foundation. This strong liquidity position is further supported by another tip noting that Twilio's liquid assets exceed short-term obligations.
Interestingly, management's confidence in the company's future is evident from another InvestingPro Tip, which reveals that they have been aggressively buying back shares. This share repurchase activity, combined with the company's strong cash position, contributes to a high shareholder yield.
For investors seeking a more comprehensive analysis, InvestingPro offers 14 additional tips for Twilio, providing a deeper understanding of the company's financial health and market position.
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